CGI (NYSE: GIB) (TSX: GIB.A) has entered into an outsourcing agreement with Mitsubishi Hitachi Power Systems Europe (MHPSE) for the management of its IT infrastructure. The five-year contract is valued at 17 million euros.
CGI will manage the company’s IT infrastructure remotely from its data center in Bremen using its Remote Infrastructure Management (RIM) approach. RIM offers numerous benefits in managing core processes and ensures highly efficient operational services.
"With CGI, we can receive all of the services we need from a single source,” said Norbert Maier, senior vice president of IT at MHPSE. "Our IT infrastructure is a critical factor for the success of our company. With a strong partner like CGI, we will become more cost-effective, flexible and agile in this area. We expect to be able to considerably reduce our annual costs as a result of this partnership."
"We are excited about the opportunity to work with MHPSE,” said Stefan Wichert, vice president of outsourcing at CGI in Germany. “The expertise of our team, combined with our global delivery capabilities, will enable us to deliver the best services at the best cost. And, thanks to our close collaboration in drafting this agreement, we have laid the foundation for a strong partnership based on trust and clear expectations.”
Headquartered in Duisburg, MHPSE has 1,800 employees. It designs and builds fossil fuel facilities worldwide, including in countries such as South Africa, the Netherlands, Poland and Germany.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are “forward-looking information” within the meaning of Canadian securities laws. These statements and this information represent CGI’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI’s annual and quarterly Management’s Discussion and Analysis (“MD&A”), in CGI’s Annual Report, in CGI’s Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in the Company’s Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “foresee,” “plan,” and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
For more information:
Investors and media
Senior Vice-President, Global Communications and Investor Relations
Sabine Ernst, PR and Communications